Business of the House

Nadhim Zahawi Excerpts

Thursday 3rd February 2011 Commons Chamber

[Nadhim Zahawi (Stratford-on-Avon) (Con)]

Will the Leader of the House ask my right hon. Friend the Chancellor to make a statement on the Office for Budgetary Responsibility and the OECD’s assessment of the structural deficit at the last election, so that the deficit denial of the shadow Chancellor, the right hon. Member for Morley and Outwood (Ed Balls), can be exposed for what it is?

[Sir George Young]

It is indeed the case that debt now stands at more than £1 trillion, its highest ever level. The deficit is the largest in the G20 and in our peacetime history, and we have experienced the deepest and longest recession in the G20. The coalition Government would welcome a debate on the economy, and the opportunity to draw attention to our disastrous inheritance from the last Government.